I have lost about $300 billion dollars over the past few weeks (not for real; who do you think I am, Cathie Wood??) I’m talking about in my virtual account. The last time such a thing happened was in March. You can see what happens next. I hope to hell we see some repetition here!
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Proposed Anchor Points
I have something interesting to share about the NASDAQ fund QQQ. Take a look at this long-term chart below. What I’ve done is anchor it to two extremes, as usual, but what’s different is that instead of anchoring it to a low and high extremes, I’ve anchored it to two highs: specifically, the one before the financial crisis struck (2007) and then last year’s peak (November 2021).
(more…)Tesla’s Rise Nearly Done
Energy Wanes
A week ago, I mentioned getting serious about being an energy bear again in my post Recycling Energy. Even though the marvelous sell-off in equities was (of course) largely reversed this morning, crude oil is steadfastly taking its beat-down.
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